Vince Garcia bristles at the description of his Anasazi Downtown in Albuquerque as "luxury condos." That term is best used for other, higher-priced -- and largely unsold -- developments nearby, like Gold Street Lofts and The Banque, he says.

The Anasazi is different, Garcia says. It's affordable. And, he proudly reveals, the unfinished retail/residential highrise on the southeast corner of Central Avenue and 6th Street is 65 percent sold.

Blue Dot Corp.'s 10-story Anasazi Downtown is taking shape. Its steel skeleton should be "topped out" by Dec. 1, says construction manager Robert Gallegos. He says it should be ready for tenancy by April 1.

More than half of the Anasazi's 45 residential condos are sold, says lead saleswoman Patsy Garcia, Vince's wife.

All six ground-floor retail condos are sold. They were bought up by local investors, who plan to lease them to retailers, says Patsy Garcia.

The residential units start at $200,000, although those are sold. The most expensive unit is $579,000, though most fall in the mid-200s. The least expensive units still available go for $230,000. Patsy Garcia says about half the buyers are from out of state.

Each unit has a private balcony, and some have two. There are 51 parking spaces on floors two and three of the building. The garage originally was to be underground, but there were problems with the water table, Gallegos says.

The upper units will have 18-foot ceilings. There is a common rooftop patio for socializing and cooking out.

Unlike with Vince Garcia's previous companies, Blue Dot's principals are all Garcias. Patsy is sales manager and interior consultant. Son David is a construction manager of the Anasazi, and also owner of Blue Dot Construction.

Son Josh, along with wife Gloria Garcia, is the building's listing and mortgage agent. They own Downtown Realty and Mortgage, whose office is in Blue Dot's Copper Square, a Downtown office condo tower. Vince Garcia says newly renovated units there should be ready by January.

Vince Garcia's past developments have been plagued by in-fighting, lawsuits and bankruptcy.

Garcia formed Escala LLC in 2000, through which he intended to buy and operate La Posada de Albuquerque hotel. Escala was forced into foreclosure on that property in 2004, and it was sold to Goodman Realty Group in a bankruptcy auction.

The city of Albuquerque sued Vince Garcia and his onetime business partners in 2004. The city alleged that Garcia and his partners in Renaissance Holdings LLC and various other entities -- Tilden "Skip" Drinkard and Mark DePree -- defrauded the city by building 100 fewer parking spaces than they had promised in the Acropolis parking garage at Third and Copper Streets.

Renaissance Holdings imploded in 2003 with lawsuits being lobbed among its principals, a situation that wound up in federal court. The trio's original idea was to revitalize Downtown by turning the old First National Bank building at Third and Central into a 151-room boutique hotel. The hotel didn't work out, and they decided to develop condos instead.

That plan also fizzled.

Today, the building is owned by developer Jerry Mosher and his partners, who have renovated it into high-ticket New York-style luxury condos and renamed it The Banque. So far, none of the units has sold.